Editor's note: This article was originally published on June 17 on the NAHB Now blog:
Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans according to NAHB's latest quarterly survey on AD&C financing.
As NAHB economist Robert Dietz reports in a recent Eye on Housing blog post, only 1% of builders reported worsening credit conditions for single-family construction in the first quarter of 2015, compared to 46% who reported better conditions. Similarly, only 7% said credit availability for land development was worse during the first quarter, compared to 42% who said it had improved.
View the Eye on Housing report here.